Buy Notes

Mission Rec Group can pay you cash for the debt you own. If you’re a seller currently financing the sale of your property and you’re tired of collecting payments or have decided that you want to cash out now, we can buy out your position. If you’re the holder of a promissory note and you don’t want to wait for it to become payable, we can pay you for it.

We buy real estate contracts, bank paper, notes, bank tapes, mortgages, and accounts receivable for our own portfolio on residential and commercial properties.

A promissory note is a legal instrument (more particularly, a financial instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms. If the promissory note is unconditional and readily salable, it is called a negotiable instrument.

Referred to as a note payable in accounting (as distinguished from accounts payable), or commonly as just a “note”, it is internationally defined by the Convention providing a uniform law for bills of exchange and promissory notes, although regional variations exist. A banknote is frequently referred to as a promissory note: a promissory note made by a bank and payable to bearer on demand. Mortgage notes are another prominent example.

Great for you

If you’re looking for a lump sum payment for your debt, we can help you. Whether that debt is being paid in installments or won’t even become payable for some time, we are interested.